Maximum Tax Benefits

Revocable vs. Irrevocable Gifts

The IRS provides important tax incentives to encourage support for charitable organizations. To qualify for any given tax benefit, a gift typically must be irrevocable. Stated another way, a gift must be complete and not one a donor could reclaim in any way.

An irrevocable gift should only be made after proper reflection and consultation with your legal and financial advisors. However, with proper planning, such gifts can provide important income and tax benefits for you and your heirs.

Examples of these gifts include Charitable Remainder Trusts, Charitable Lead Trusts and Charitable Gift Annuities.

Front Range Community College can help you explore the benefits that may result from an irrevocable planned gift. For more information about any of these options, please contact Beryl Durazo by email or by phone at 303-404-5238. All inquiries are held in confidence. There is never an obligation to complete any gift.